Older Americans Face Challenges When Aging in Place
Retrofitting a Potential, But Out-of-Reach Solution for Many
(firmenpresse) - MCLEAN, VA -- (Marketwired) -- 02/21/17 -- (OTCQB: FMCC) released today its for February, which outlines challenges, costs and potential solutions of addressing the desire of older Americans to age in place. Survey data shows half of all 55+ Americans and three quarters of 75+ Americans are impacted by at least one physical functional limitation, heightening the growing demand for retrofitting.
The Freddie Mac of the 55+ population indicates almost two-thirds of homeowners -- 43 million people -- wish to age in place.
Two-thirds of survey participants report their homes are not accessible for someone with arthritis, limited mobility, or in a wheelchair.
About 1.5 million older households today need some retrofitting, and that number rises to 2.0 million per year by 2030.
If a major retrofit is required, it can be 40 times more expensive than a simple retrofit such as adding some grab bars and new drawer handles.
Retrofitting may be too expensive for many of those who wish to age in place.
"Nearly a quarter of all Baby Boomers are going to be faced with the financial realities of aging in place, which can range from a few hundred to thousands of dollars. Of course, the cost depends on the type and condition of the home. Many older homes, such as many of the colonial-style homes common in the Northeast and Midwest, may not be good candidates for retrofitting. For some of them, aging in place until the bitter end may not even be a possibility. Like Betty Davis said, ''Old age is not for sissies.''"
Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders. Since our creation by Congress in 1970, we''ve made housing more accessible and affordable for homebuyers and renters in communities nationwide. We are building a better housing finance system for homebuyers, renters, lenders and taxpayers. Learn more at , Twitter and Freddie Mac''s blog .
Embedded Video Available:
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 21.02.2017 - 08:18 Uhr
Sprache: Deutsch
News-ID 1487959
Anzahl Zeichen: 4694
contact information:
Contact person:
Town:
MCLEAN, VA
Phone:
Kategorie:
Commercial & Investment Banking
Typ of Press Release:
type of sending:
Date of sending:
Anmerkungen:
Diese Pressemitteilung wurde bisher 251 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Older Americans Face Challenges When Aging in Place
"
steht unter der journalistisch-redaktionellen Verantwortung von
Freddie Mac (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
